Latest news about Jindal Hotels
Jindal Hotels
63.10
-1.34(-2.08%)
Company Performance:
View Company Insights1D-2.08%
1M-5.37%
6M-19.56%
1Y-32.30%
5Y+64.97%
More news about Jindal Hotels
06Jan 26
Jindal Hotels Limited Receives Credit Rating Downgrade from CRISIL to BB+/Stable
Jindal Hotels Limited has received a credit rating downgrade from CRISIL Ratings, with its long-term bank loan facilities rating revised from BBB-/Stable to BB+/Stable on January 6, 2026. The downgrade affects ₹50 crore worth of facilities with HDFC Bank, comprising a ₹47 crore term loan and ₹3 crore working capital term loan. The company has complied with regulatory requirements by informing the BSE and updating its website with the rating revision information.
12Nov 25
Jindal Hotels Reports Narrowed Q2 Loss, Revenue Growth in FY2026
Jindal Hotels Limited, operator of Grand Mercure Vadodara Surya Palace, reported Q2 FY2026 results with revenue increasing to ₹955.50 lakhs from ₹890.59 lakhs year-over-year. Net loss narrowed to ₹16.40 lakhs from ₹28.23 lakhs in Q2 FY2025. However, H1 FY2026 saw widened losses of ₹143.34 lakhs compared to ₹24.11 lakhs in H1 FY2025, despite revenue growth to ₹1,923.38 lakhs. Total expenses for Q2 increased to ₹984.94 lakhs. The Board approved these results on November 11, 2025.
24Sept 25
Jindal Hotels Shareholders Approve Piyush D. Shah's Re-appointment as Managing Director
Jindal Hotels Limited shareholders approved key resolutions at the 40th AGM, including the re-appointment of Piyush D. Shah as Managing Director for three years from August 1, 2025, to July 31, 2028. Shah, 73, has over 40 years of experience in the hotel industry. The company also adopted financial statements, re-appointed Satvik Agrawal as Director, and appointed KSPS & Co. LLP as Secretarial Auditors for five years.
22Jul 25
Jindal Hotels Announces Q1 FY2026 Results and Reappoints Managing Director
Jindal Hotels Limited has announced its unaudited standalone financial results for Q1 FY2026 ending June 30, 2025. The board has also reappointed Mr. Piyush D. Shah as Managing Director for another three-year term, from August 1, 2025, to July 31, 2028, subject to shareholder approval. Mr. Shah, 73, has been with the company since 1984 and has over 40 years of experience in the hotel industry. Under his leadership, Jindal Hotels has received several awards including recognition from TripAdvisor.
22Jul 25
Jindal Hotels Announces Q1 FY2026 Results and Re-appoints Managing Director
Jindal Hotels Limited announced its Q1 FY2025-26 results and re-appointed Piyush D. Shah as Managing Director for a three-year term from August 1, 2025, to July 31, 2028, subject to approvals. Mr. Shah, 73, has been with the company since 1984 and has over 40 years of industry experience. The board meeting also approved Q1 results and the Limited Review Report. The company disclosed family relationships in management, with Mr. Shah's spouse and son serving as Non-Executive Directors.
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